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Tata Chemicals swings to loss

February 7, 2014 | Deepti Ramesh

Tata Chemicals (Mumbai) reports a net loss of 159.3 million Indian rupees ($2.5 million) in the company's fiscal third quarter, ended 31 December 2013, compared with a net profit of Rs2.24 billion in the year-ago quarter. Third-quarter sales increased 10%, to Rs45.8 billion. The financial results for the fiscal third quarter were affected by a one-time charge of Rs820 million due to a restructuring of the company's European operations, Tata Chemicals says. Tata Chemicals says it has closed its soda ash plant at Winnington, United Kingdom on 3 February 2014. Tata...

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